BitTorrent Announces $20 Million Venture Capital Infusion

Posted on Dec 4, 2006

BitTorrent, Inc. recently received a $20 million investment round led by new investor Accel Partners. BitTorrent outlined plans to further develop its online service, and sell multimedia delivery to third-parties. “When I created BitTorrent in 2001, my mission was to solve the problem every website has when distributing large, popular files,” said Bram Cohen, current CEO and original cofounder of BitTorrent. “This mission is still what drives BitTorrent today and couldnâ€™t be more relevant as the web grows into a channel for consuming large, high-value entertainment and information content.”